Under pressure from voters, Norway increases electricity subsidy

Under pressure from voters, Norway increases electricity subsidy

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Norway will subsidize a larger portion of household electricity bills and extend the scheme until the end of 2024, the government said on Wednesday.

The minority centre-left government has been under pressure to reduce household electricity bills, with the cost of living a main concern for voters.

“These are reforms that ensure the government pays a greater share of people’s electricity bills,” Prime Minister Jonas Gahr Stoerre told a news conference.

The government said the subsidy would now be based on hourly rates, rather than a monthly average, and would cover 90 percent of all costs above 0.7 crowns per kilowatt hour.

The previous plan, based on monthly rates, covered 90 percent of winter months and 80 percent of summer months and was due to expire in December 2023.

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